I have started software company as sole proprietor. I have client in Usa, who will pay invoice payments for software/service. Could you please let me know should I pay GST for invoice payment?, also this will consider as export as service?
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Export as a service
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Yes, it will be considered as export of service. Yes, option can be opt to pay gst and refund of the same can be claimed to the extent of available ITC in E credit ledger
Yes GST is applicable on foreign Transactions also
In term of Section 2(6) , If the supplier of services is located in India, Recepient of services is located outside India & services being provided outside India , it is considered as export services.
And in term of Rule 96A you can export services without payment of GST (IGST) by filing LUT in form Rfd-11 online on portal.
And in term of Rule 96A you can export services without payment of GST (IGST) by filing LUT in form Rfd-11 online on portal.
Agreed with Mr. Pankaj
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